Seven Loaves

Analysis

Seven Loaves is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in November 1980, 46 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Seven Loaves reported income of $267k and spending of $274k, spending 103% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $417k to $267k (-36%), an average of -11% a year. The sharpest change came in the year to June 2022, when income rose by 254%. Over the whole period it spent 86% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Seven Loaves sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 57th percentile within NY. Charities of a similar size with the same main cause include Reston Community Players Inc ($267k), Stevie Rays Theatre Company ($267k) and Discovery Expedition of St Charles Mo Inc ($267k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 80% and program service revenue 18% of the total. At year end it held assets of $505k against liabilities of $74k, net assets of $431k.